Oslo-headquartered MPC Container Ships ASA has joined the growing list of shipowners opting to order alternate-fueled newbuildings. It has placed an order with Chinese shipbuilder Taizhou Sanfu Ship Engineering for two carbon-neutral
By operating on a blend of synthetic natural gas (SNG) and LNG, the 1,036-TEU containership, ElbBLUE has reduced its greenhouse gas (GHG) emissions by 27% compared to using LNG alone. Compared with
Athens-headquartered Euroseas Ltd. (NASDAQ:ESEA) reports that it has signed a contract for the construction of three 1,800 TEU eco-design fuel efficient feeder containerships. The vessels will be built at Hyundai Mipo Dockyard
Another giant Evergreen Marine Corporation containership has grounded, but this time in the Chesapeake Bay, not the Suez Canal. Though not as large as the notorious 1,312 feet, 2 inches long, 20,112
Concordia Maritime, Gothenburg, Sweden, launched a technical design study evaluating the feasibility of converting and adapting one of its nine P-MAX tankers for container transportation. Concordia is carrying out the study in
Initial efforts to refloat a 400 meter long Maersk containership that ran aground last night were unsuccessful. The vessel, the Mumbai Maersk was en route for Bremerhaven from Rotterdam when, at around
Athens-headquartered Euroseas Ltd. (NASDAQ:ESEA) has signed a contract with South Korean shipbuilder Hyundai Mipo Dockyard Co for the construction of two additional eco-design 2,800 TEU containerships. Set to be delivered during the
Plans for a new all-water container-on-vessel (COV) trade lane between the Port of Plaquemines on the Lower Mississippi and the Midwest are picking up pace. Hawtex Development Corporation has signed on as
Maersk has taken the wraps off the design of its eight 16,000 TEU methanol-fueled containership newbuilds. And the decision to opt for methanol is just the start of the innovations they incorporate.
Move over Facebook, Amazon, Netflix and Google, you’re currently being outperformed financially by the ocean carrier giants. Actual net income for the container shipping industry in third quarter 2021 was $48.1 billion,
